This paper specifies and estimates a four-equation disequilibrium model of the consumption goods market in a centrally planned economy(CPE).The data are from Poland for the period 1955-1980, but the analysis is more general and will be applied to other CPEs as soon as the appropriate data sets...

This paper examines a model in which demand is uncertain and production must occur before demand is known for sure. By investing resources in information gathering activity, demand can be forecast. The paper investigates the relationship between the incentive to plan and market structure and...

Crises force us to stop and think. This paper examines the prospect of deep reform of national planning in Africa in response to COVID-19. The paper is a contrasted case study of Kenya and Uganda. The attempt at generalisation across Africa draws on a shared history of state formation. And a...

Since the economic calculation debate of the 1920-30s, it is known that it is impossible to create a coherent balanced plan that equates supply and demand of millions of goods and services in the national economy, not to speak about the optimal plan. It is not well understood, though, how the...

"This volume examines failed attempts at modernizing the communist economy by means of optimal planning. It traces the rise and fall of the concept in Eastern Europe and China, explaining why the mission of optimization was doomed to fail and why it may nevertheless be relaunched today."

Chapter 1: Overview of the 2 Sector Mahalanobis Model -- Chapter 2: Critiques of the 2 Sector Mahalanobis Model -- Chapter 3: A Stochastic Version of the 2 Sector Mahalanobis Model -- Chapter 4: Open Economy Extensions of the 2-sector Mahalanobis Model -- Chapter 5: Overview of the 4 Sector...

By the beginning of the 20th century, the possibility and efficacy of economic planning was believed to have been proven by totalitarian experiments in Germany, the Soviet Union, and, to a lesser degree, Fascist Italy; however, the possibilities and limitations of planning in capitalist...

China is undergoing its long-awaited industrial revolution. There is no shortage of commentary and opinion on this dramatic period, but few have attempted to provide a coherent, in-depth, political economic framework that explains the fundamental mechanisms behind China's rapid...

Intro -- Über den Autor -- Felix Wemheuer: Kann der Markt den Sozialismus retten? (Einleitung) -- Kapitel 1: Neue Ökonomische Politik (NÖP): Taktischer Rückzug oder Modell für den Aufbau des Sozialismus? -- Wladimir Iljitsch Lenin: Den Austausch mit den Bauern über den Markt regeln (1921)...

""Five-Year Plans" have been a cornerstone of Chinese social and economic development initiatives since 1953. During the thirteenth of these periods between 2016 and 2020, the global economy has experienced instability after the financial crisis, as well as political and economic...

Die DDR und Polen haben von 1945 bis 1989 versucht, das kollektivistische Modernisierungsprojekt zu verwirklichen – den real existierenden Sozialismus. Das Buch vergleicht die unterschiedliche Entwicklung der systemtheoretischen und wirtschaftspolitischen Ideen in beiden Ländern. Trotz einer...

This article presents a new approach to the socialist calculation debate. I focus particularly on the question of how to integrate information of consumers' preferences and argue that the objections raised by Austrian economists against the socialist model proposed by Oskar Lange can be...

During the socialist calculation debate, Ludwig von Mises and F. A. Hayekmade a positive argument regarding the impossibility of economic calculationunder socialism. In this study, I argue that the arguments made by Mises andHayek have normative implications for capitalism. I do so by drawing...

Competing definitions of justice in Plato's Republic and Aristotle's Politics indicate the existence of two distinct economic systems with different normative priorities. The three-class society of the Platonic economy (guardians, auxiliaries, producers) gives rise to guardians who by virtue are...

1. Kautilya’s Arthashashtra and a mixed economy within Monarchy -- 2. Socialism in the Soviet Union -- 3. Socialism within a Democracy, Fabian Socialism in Yugoslavia, Scandinavia, India -- 4. Socialist theory of Feldman and Mahalanobis -- 5. Socialist Calculation -- 6. Contemporary capitalism...

This book is selection of author’s articles about China’s reform and development. The earliest article of the anthology was written in 1986 and the latest in 2017. The author studies the changes in property rights and system based on the practical experience of China’s reform. In the first...

The Planning Commission played a crucial role in the type of development that India followed after independence. However, even though most economic analyses of India mention the five-year plans, the Planning Commission as an institution remains little studied. This is why this book proposes to...

Klappentext: This book discusses the case for socialism and the models of socialist planning. Through examining different countries, each chapter examines the successes and failures of contrasting socialist policies. The theories and techniques of socialist planning are discussed in relation to...